Entrepreneurial Ownership and New Venture Finance
Ownership and finance are crucial for governance, decision-making, and strategic objectives in entrepreneurial ventures. They affect how firms raise capital, scale, and navigate risks, ultimately impacting both success and sustainability.
By examining ownership structures in relation to emerging financing models like equity crowdfunding, ICOs, and blockchain-based solutions, our research provides a comprehensive view of how entrepreneurs secure and manage resources. We also uncover strategies and best practices that can be adopted by new ventures. As such, our research also seeks to provide insights into the evolving landscape of entrepreneurial finance and governance. Some of the research projects in this area include:
- Business angels and exit strategies
- Capital structure of high-tech startups
- Venture boards
- Corporate governance practices in entrepreneurial ventures
Our most recent publications:
Civardi, C, Moro, A. Winborg J, (2024). All that glitters is not gold!”: The (Unexplored) Side of Equity Crowdfunding. Small Business Economics, 63: 299-324. https://doi.org/10.1007/s11187-023-00813-y
Gartner, J., Maresch, D., & Tierney, R. (2024) The key to scaling in the digital era: Simultaneous automation, individualization and interdisciplinarity. Journal of Small Business Management, 62(2), 628-655. https://doi.org/10.1080/00472778.2022.2073361
Gartner, J. & Moro, A. (2024) C-level managers and born digitals’ scaling: The case of Initial Coin Offerings (ICOs), Technological Forecasting and Social Change, 198; 122943. https://doi.org/10.1016/j.techfore.2023.122943
Gartner, J., Fink, M., & Maresch, D. (2022). The Role of Fear of Missing Out and Experience in the Formation of SME Decision Makers’ Intentions to Adopt New Manufacturing Technologies. Technological Forecasting and Social Change, 180, 121723. https://doi.org/10.1016/j.techfore.2022.121723
Gartner, J., Maresch, D., & Tierney, R. (2022). The key to scaling in the digital era: Simultaneous automation, individualization and interdisciplinarity. Journal of Small Business Management, 1-28. https://doi.org/10.1080/00472778.2022.2073361
Sarwary, Z., & Uman, T. (2022). Managerial discretion and the choice of capital budgeting techniques. International Journal of Managerial and Financial Accounting, 14(3), 197-216. https://doi.org/10.1504/IJMFA.2022.123870
Venâncio, A., & Jorge, J. (2022) The role of accelerator programmes on the capital structure of start-ups. Small Business Economics, 59, 1143–1167. https://doi.org/10.1007/s11187-021-00572-8
Research Team
Joakim Winborg, Associate Professor
João Maria Jorge, Doctoral Researcher
Kalyan Pasumarthy, Doctoral Researcher
Hans Landström, Professor Emeritus
Jonas Gabrielsson, Professor, Halmstad University
Contact
Joakim Winborg
Associate Professor
Email: joakim [dot] winborg [at] fek [dot] lu [dot] se (joakim[dot]winborg[at]fek[dot]lu[dot]se)